Imported bauxite prices in China moved slightly higher last week amid improved activity in the spot market. No trend-level shift emerged on the supply-demand side. Although rainy-season disruptions and elevated freight rates continued to weigh on Guinea's export volumes, the country's weekly...
Recently, domestic alumina spot and futures prices have weakened in tandem, and market sentiment has become more cautious. According to Mysteel research, China's operating alumina capacity has reached 99 million tonnes per year, the highest level so far this year. New commissioning and technical...
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Capesize rates have recently surged past the $30,000 a day mark, largely driven by record-breaking bauxite shipments from West Africa to China. Bauxite, the primary source of aluminium, is a significant minor bulk commodity typically transported on Capesize vessels. According to the US Geological...
On June 15th, over 30 employees from the SMB-Winning Consortium in Guinea embarked on an extensive study and exchange program at China Hongqiao Group. The visit began with a heartfelt welcome from Guo Cuihua, the Director of Human Resources at China Hongqiao. She warmly conveyed the significance of...
The market for aluminium ingot has experienced a major adjustment across various regions in China on Friday, June 14. According to the Shanghai Metal Market (SMM) survey, A00 aluminium ingot price has recorded at RMB 20,560 per tonnes, reflecting a decrease of RMB 100 per tonne following a downfall...
According to a report on Friday, June 7, Guinea will house its second major alumina refinery, which will be constructed by a subsidiary of Emirates Global Aluminium (EGA). The news came after two senior officials of Guinea's mines ministry told Reuters that a non-binding agreement was signed...
In a startling revelation, Mighty Earth's latest report, "The Impact of the Bauxite Boom on People and the Planet," uncovers the profound environmental and social ramifications of bauxite mining, a critical component in producing aluminium for electric vehicles (EVs). The comprehensive study...
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates, and Aluminium Corporation of China (Chinalco) have signed a framework agreement to progress their cooperation on developing an alumina refinery in the Republic of Guinea. The signing ceremony was witnessed by His...
According to China customs data, the country’s bauxite imports in April 2024 reached a record monthly high of 14.2376 million tonnes, up by 20.02 per cent M-o-M and 18.84 per cent Y-o-Y. In March 2024, China’s bauxite import volume amounted to 11.8628 million tonnes, reflecting an increase of 5.19...
According to Reuters report, Guinea's bauxite production and exports increased for the third consecutive year in 2023. The West African nation is one of the world's biggest producers of bauxite, having 40 billion tonnes of mining capacity in Boké, Fria, Gaoual, Télimélé, Pita-Labé, Mali, Kindia,...
Tianshan Aluminium's 2023 annual report highlights substantial advancements in its bauxite projects, particularly in Indonesia and Guinea. The report outlines that the Indonesian bauxite project, which the company has invested in and acquired, is engaged in a detailed exploration of resource...
China customs data showed that the country's bauxite imports from January to February 2024 totalled 24.4794 million tonnes, reflecting an annual increase of 4 per cent. In individual months, China imported 13.2019 million tonnes and11.2775 million tonnes of bauxite. The import in January was 11.24...
The global mining and metal giant Rio Tinto has selected Bold Baatar as the new Chief Commercial Officer. He will oversee the company's global commercial and business development endeavours. This appointment follows Alf Barrios' decision to retire. Bold, currently serving as Chief Executive Copper,...
In 2023, the global bauxite industry experienced substantial changes, marked by shifts in production, trade dynamics, and pricing patterns. Australia, Guinea, and China emerged as key players shaping the worldwide bauxite market landscape. In 2023, global bauxite production was estimated to show a...
Guinea is steadily increasing its bauxite shipments, and there are indications of further volume increases. Despite upheavals from the accident in December and the occasional public unrest, volumes of bauxite exports have grown so far this year and look set to continue growing. Simply put, the...
Aluminium Corporation of China (Chalco) expressed concerns about the "relatively high" risks associated with bauxite supplies from Guinea, highlighting the nation's increasing reliance on a single source for this crucial raw material. Last year, Guinea accounted for 70 per cent of China's bauxite...
Emirates Global Aluminium has reportedly announced its competitive financial and operational results for 2023, revealing the highest-ever production across the value chain. The company posted that it produced 2.66 million tonnes of primary aluminium in 2023 at Al Taweelah and Jebel Ali versus 2.65...
The nationwide strike in the bauxite kingdom Guinea , which had brought the nation and its mining sector to a standstill since February 26, 2024, has been suspended by the country's trade unions, according to a statement released on February 28. The Guinean Trade Union Movement, representing...
On February 26, 2024, workers in Guinea initiated a nationwide strike, causing closures of businesses and significant disruptions in the mining sector . Commencing an indefinite general strike marks a crucial challenge for the junta, which took control in 2021, instituting a ban on protests and...
The Norwegian aluminium giant Hydro faces a 43.88 per cent drop in adjusted EBITDA for 2023, attributed to market challenges. Hindalco reports a robust Q3 FY2024, with a 71 per cent YoY increase in net profit. EGA collaborates with the UAE's AI office to accelerate digitisation in industrial...
